Loews Corp gains on higher Q1 results

Loews

01/05/2023 16:14

** Shares of Loews Corporation  L.N  up 3.9% at $59.81
    ** Co posts Q1 profit of $1.61/shr vs $1.29/shr a year
earlier
    ** Also posts Q1 rev of $3.78 bln, higher than $3.40 bln
reported a year earlier 
    ** Repurchased 8.2 mln shares for a total cost of $486 mln
in qtr 
    ** Up to last close, stock up 2.4% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))